Things To Do In SW Florida

By LISA MASCARO, STEPHEN GROVES and ZEKE MILLER (Associated Press)

WASHINGTON (AP) — President Joe Biden and House Speaker Kevin McCarthy are set to meet at the White House at a pivotal moment as Washington works to strike a budget compromise and raise the nation’s borrowing limit in time to avert a devastating federal default.

The meeting Monday afternoon between the Democratic president and the new Republican speaker will be critical as they race to prevent a looming debt crisis. After a weekend of start-stop talks, both men appeared upbeat as they face a deadline, as soon as June 1, when the government could run out of cash to pay its bills.

Biden and McCarthy spoke by phone Sunday while the president was returning home on Air Force One after the Group of Seven summit in Japan. “It went well, we’ll talk tomorrow,” Biden said in response to a shouted question upon his return late Sunday.

The call revived talks and negotiators met for 2 1/2 hours at the Capitol late Sunday evening, saying little as they left. Financial markets turned down last week after talks stalled. read more

By CHRISTOPHER RUGABER (AP Economics Writer)

WASHINGTON (AP) — The Federal Reserve will make only modest progress in its fight against inflation for the rest of this year, even while keeping its benchmark interest rate at a 16-year high, a group of business economists predict in a survey released Monday.

The National Association for Business Economics’ survey of 45 economists found that the median forecast is for inflation to average 4.2% this year, up from a 3.9% forecast in the group’s previous survey in February. That is far above the Fed’s inflation target of 2%.

The findings reflect a survey of economists from businesses, trade associations and academia.

The persistence of high inflation is likely the main reason the business economists expect the Fed to keep its key rate at its current level of roughly 5.1%, its highest point in 16 years. That is a quarter-point above the estimate from the NABE’s February survey and is a sign that the economists don’t expect the Fed to cut rates later this year, in contrast to many Wall Street investors who have priced in rate cuts. read more

The NAACP over the weekend issued a travel advisory for Florida, joining two other civil rights groups in warning potential tourists that recent laws and policies championed by Gov. Ron DeSantis and Florida lawmakers are “openly hostile toward African Americans, people of color and LGBTQ+ individuals.”

The NAACP, long an advocate for Black Americans, joined the League of United Latin American Citizens (LULAC), a Latino civil rights organization, and Equality Florida, a gay rights advocacy group, in issuing travel advisories for the Sunshine State, where tourism is one of the state’s largest job sectors.

The warning approved Saturday by the NAACP’s board of directors tells tourists that, before traveling to Florida, they should understand the state of Florida “devalues and marginalizes the contributions of, and the challenges faced by African Americans and other communities of color.”

An email was sent Sunday morning to DeSantis’ office seeking comment. DeSantis is expected to announce a run for the GOP presidential nomination this week. read more